ICDX previews new trading initiatives

The Indonesia Commodity and Derivatives Exchange (ICDX) put forward several new initiatives to boost participation by international tin buyers at the ITRI China Annual Tin Reception in Sanya. Chief Product and Services Officer Stella Lukman invited feedback on a...

Shanghai Futures Exchange plans to launch tin contract soon

Shanghai Futures Exchange is moving forward with the launch of a tin contract and has already delivered the application to China Securities Regulatory Commission, Mr. Ye Chunhe, Vice General Manager announced at ITRI China’s Annual Tin Reception in Sanya, Hainan...

AETI sees big drop in 2015 Indonesian exports

The President of the Association of Indonesian Tin Exporters (AETI), Jabin Sufianto, predicted a decline in tin shipments to below 70,000 tonnes in 2015. Speaking at ITRI China’s Annual Tin Reception in Sanya, Hainan, he attributed the expected fall in sales to...

Korean stockpile announces latest tin purchases

At its fifth tender of this year South Korea’s Public Procurement Service (PPS) bought 300 tonnes of Malaysian tin via LG International, bringing total purchases in the year to date to 1,200 tonnes. The tin is due to arrive at Incheon port by 15 December, with...

Indonesian smelters predict lower sales in fourth quarter

A poll of Indonesian smelters carried out by Bloomberg gave a median forecast of exports in the fourth quarter of this year at 16,000 tonnes, as a result of lower prices and stricter controls. “Shipments may slow this quarter as prices have dropped to near the...

Indonesian September exports higher than predicted

Preliminary data released by Indonesia’s trade ministry today showed that 5,442 tonnes of tin was checked prior to shipment by surveyor companies in September, up by 51% compared to August. The tonnage checked comprised 5,252 tonnes of refined tin ingot, 69...

Indonesian sales remain slow

Sales of refined tin on the ICDX exchange dropped to the second lowest monthly total on record in September, as sellers held out for higher prices. Monthly turnover in September was 2,550 tonnes, down by 47% compared to August. In interviews with Bloomberg and Reuters...

Babel police investigate tin export documentation

According to local press reports Bangka-Belitung police are investigating the legality of 91 containers of tin held in Pangkalbalam port on Bangka island. Top level officials led a swoop last Tuesday night (9 September), which appears to have been triggered by...

ICDX volumes plummet as LME prices fall

With one exception, Indonesian tin producers have halted sales since 28 August in response to the fall in LME prices to below US$21,000/tonne. After ten market days with no trading, fresh sales of tin were made on the Indonesia Commodity and Derivatives Exchange...

Indonesia, Thailand losing share in Japanese market

Total refined tin imports into Japan declinedby 1.2% to 13,087 tonnes in the first half of this year, with large falls in imports from Indonesia and Thailand partly offset by increased sales from Malaysia and Peru, according official customs data. The Indonesian share...